Startup
Lensing AI
AI-native ERP for medium-to-large enterprises with complex revenue and multi-entity operations, built in stealth by the architects of SAP HANA and launched in November 2024 with $140m, formerly Everest Systems.
| Founded | 2020, Heidelberg and Mountain View |
|---|---|
| Founders | Franz Faerber (co-CEO, 26 years at SAP and original architect of SAP HANA) and Sandeep Chopra (co-CEO); Stefan Sigg (former SAP) is CTO |
| Stage | Growth |
| Total funding | $140m |
| Last round | $140m announced on emerging from stealth, 20 November 2024 |
| What it does | General ledger, subscription and complex revenue accounting, multi-book and multi-entity consolidation, cloud and AI cost management; an app generator, AiSpecify, lets finance users build their own ERP modules |
| Traction | Renamed from Everest Systems to Lensing in 2026; aimed at medium-to-large enterprises with complex revenue and global operations |
| Pricing | Not published |
| Markets | Customers in more than 20 countries; offices in Mountain View, Heidelberg, Porto Alegre and Cape Town |
| Peers | Rillet, Campfire, DualEntry, NetSuite, SAP |
Why it matters
Lensing launched with $140 million and a founding team that built SAP’s flagship database, the most experienced ERP team among the AI-native challengers. Where Rillet and Campfire start with growth-stage companies, Lensing is aimed at medium-to-large enterprises with the complex revenue and multi-entity finance that keeps them on NetSuite and SAP.
Part of Accountio’s accounting technology coverage.
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